Actuary
Join Our Growing Team as an Enrolled Actuary!
Are you looking to be part of a fast-growing national TPA where actuarial expertise is highly valued? Join us at Nova 401(k) Associates, where our nationally recognized sales team drives our growth and provides advancement opportunities and job stability for our professionals. Our DB team currently includes six enrolled actuaries, and we're excited to add another member!
Position: Enrolled Actuary
Location: Work from home anywhere in the US
Compensation and Benefits:
- Competitive salary: $120,000 - $150,000
- Medical, dental, disability, and life insurance
- Paid time off
- 401(k) plan with employer match
- All necessary computer equipment provided
Professional Development:
- Nova will pay for one national conference per year and associated dues for one actuarial membership, in addition to Enrollment dues
- Attendance at virtual education meetings sponsored by organizations such as ASPPA
Working at Nova:
- Most work is produced by a defined benefit specialist for the actuary to review
- A consultant is the client’s primary point of contact, with the actuary available for escalation issues
- Focus on micro- and small plans (no GASB or multi-employer plans)
- Primary software systems: Penguin for DB/DC testing and valuation, Pension Pro for Workflow management, ASC for DC only administration and Forms 5500, and Relius plan documents
- Weekly team meetings on MS Teams
Expected Duties:
- Review and sign actuarial reports and Schedule SBs
- Review and sign PBGC premium and plan termination forms
- Review benefit certifications
- Review IRS Non-discrimination testing reports
- Review and prepare plan designs and consultations with the Nova sales team
- Review plan documents and amendments
- Review benefit statements
- Review plan takeovers and prepare actuarial replications
- Act as a technical resource and mentor to consultants and DB specialists
Qualifications:
- Bachelor’s degree
- Enrolled Actuary in good standing with the Joint Board and any actuarial organizations
- Minimum 10 years of experience in the qualified plan arena (small plan experience preferred)
- Experienced with defined benefit/defined contribution combo plan designs and associated nondiscrimination testing
- Superior command of IRC 401(a)(4), 415, 404, 416, 401(a)(9) regulations
- Well-versed in regulations, IRS notices, and memos concerning qualified plans
- Ability to review plan takeovers, identify missing documents, data, and issues
- Ability to troubleshoot replications that do not match the Nova software and communicate with the previous actuary to resolve differences
- Ability to manage a dashboard of assigned work and meet internal deadlines
- Team player with a positive attitude
- Excellent Microsoft Office skills, particularly Excel
- Committed to lifelong learning and coachable
- Flexibility and adaptability
Work Location/Hours:
- Work from home
- Must be authorized to work for any US employer
- Flexible start time between 7:30 am and 9:00 am
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